Highlight six ways through which performance contracts have helped to restore trust and improved financial management in government departments.

      

Highlight six ways through which performance contracts have helped to restore trust and improved financial management in government departments.

  

Answers


Kavungya
• Performance contracts have changed the attitude of employees towards work and work ethics.
• Adoption of competitive strategy in delivery of public services driven by deliberate public disclosures and ranking of performance results.
• Significant decline in reliance on exchequer funding by public enterprises resulting in the increase of investments in public and empowerment of public employees through progressive improvement in terms of services.
• Increased willingness of the public to pay taxes
• Led to improvement of the image of the government by the public.
• Has led to creativity resulting in secondary innovations for example recycling reclamations and organic power.
• Introduction of citizen’s service delivery charter for every public institution.
• Had led to mandatory for all public institutions to carryout annual customer satisfaction surveys.
• Private / public sector partnerships
Kavungya answered the question on May 6, 2022 at 06:05


Next: In the context of the management and control of public finances in your country: Explain the meaning of the term "budget cycle".
Previous: Explain six disadvantages of using foreign debt as a source of finance to the government of your country.

View More CPA Financial Management Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions